By Telecom Lead Team: NavStar Technologies will leverage
its wireless/GPS hardware and services platform to provide a low cost solution
to tap opportunities in machine-to-machine (M2M) market.
NavStar Technologies is currently focusing on producing
and commercializing products and services for tracking/monitoring and reporting
on the location and condition of cargo and other assets.
Recently, NavStar Technologies announced it has reported
significant growth in PowerSports market segment for 2011.
NavStar Technologies sees great opportunity for PowerSports
market segment
According to Gartner, M2M is one of the top ten mobile
growth markets for the next 5 years.
Recently, Beecham Research forecasts that 57 billion M2M
units will be installed worldwide by 2014 and M2M Asset Visibility will be a
$28 billion market. Beecham predicts that 95 million wireless M2M modems will
be in service in the US by 2013. Strategy Analytics estimates that 34 million
M2M units will be sold in the US by 2013.
“The technology pieces are finally in place to
support M2M applications. We will focus initially on three market segments: (1)
oil, gas and water meters, (2) power generators/sub-stations and (3)
healthcare,” said N. Douglas Pritt, chairman & CEO, NavStar Technologies.
NavStar, which has offered 20,000 units in service,
provides an affordable solution to protect and monitor high-value assets and
cargo. NavStar’s overall goal is the creation of products and services which
support a variety of market segments including, cars, trucks, recreational
vehicles and people.
Recently NavStar Technologies announced it has developed a hardware
platform to provide a cost effective solution to address the Department of
Transportation (DOT) mandate to electronically record a driver’s “hours of
service” via and Electronic On Board Recorders (EOBR).
